CALERES INC

For the period ended Feb 3, 2024. Filed Apr 2, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 2, 2024

CAL$13.48-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows


· · · · ·

($ thousands) · 2023 · 2022 · 2021
Operating Activities · · ·
Net earnings	$171,832	$179,695	$138,163
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	36,172	32,449	34,069
Amortization of capitalized software	5,026	4,451	5,693
Amortization of intangible assets	12,082	12,111	12,568
Amortization of debt issuance costs and debt discount	407	407	874
Share-based compensation expense	14,804	17,311	12,297
Loss on disposal of property and equipment	1,353	1,369	472
Impairment charges for property, equipment, and lease right-of-use assets	749	1,803	4,135
Adjustment to expected credit losses	1,018	(262)	(2,242)
Deferred income taxes	(11,866)	4,270	6,487
Fair value adjustments to Blowfish mandatory purchase obligation	—	—	15,424
Blowfish mandatory purchase obligation	—	—	(45,562)
Loss on early extinguishment of debt	—	—	1,011
Changes in operating assets and liabilities:
Receivables	(8,494)	(10,302)	7,002
Inventories	39,495	16,242	(108,772)
Prepaid expenses and other current and noncurrent assets	(15,285)	(1,971)	(11,843)
Trade accounts payable	22,038	(101,450)	50,936
Accrued expenses and other liabilities	(70,974)	(34,590)	32,656
Income taxes, net	1,562	5,896	15,831
Other, net	232	(1,550)	(758)
Net cash provided by operating activities	200,151	125,879	168,441

Investing Activities
Purchases of property and equipment	(44,584)	(55,913)	(18,393)
Capitalized software	(5,034)	(8,124)	(5,752)
Net cash used for investing activities	(49,618)	(64,037)	(24,145)

Financing Activities
Borrowings under revolving credit agreement	532,500	859,500	632,000
Repayments under revolving credit agreement	(658,000)	(842,000)	(592,000)
Redemption of senior notes	—	—	(200,000)
Dividends paid	(9,954)	(10,184)	(10,648)
Acquisition of treasury stock	(17,445)	(63,225)	(16,965)
Issuance of common stock under share-based plans, net	(11,094)	(5,387)	(3,910)
Contributions by noncontrolling interests	1,000	3,142	—
Blowfish Malibu mandatory purchase obligation	—	—	(8,996)
Debt issuance costs	—	—	(1,190)
Other	—	—	(676)
Net cash used for financing activities	(162,993)	(58,154)	(202,385)
Effect of exchange rate changes on cash and cash equivalents	118	(103)	(91)
(Decrease) increase in cash and cash equivalents	(12,342)	3,585	(58,180)
Cash and cash equivalents at beginning of period	33,700	30,115	88,295
Cash and cash equivalents at end of period	$21,358	$33,700	$30,115

See notes to consolidated financial statements, including the supplemental disclosures on cash flows in Note 1.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.